|
|
|
|
|
|
by il
5183 days ago
|
|
|
Well, YC only takes the top 3% of startups. If you believe that they have any skill at all at judging startups, that number should be a lot more than twice. Investors are not just counting on the fact that YC makes a company more successful- they also know YC filters for startups that are already more likely to succeed. |
|
|
This is exactly how legends are built in the media. YC takes 3% of startups that apply, not "3% of startups". This is the same as when they say it is harder to get into Techstars then to get into Harvard.
See this:
http://www.forbes.com/sites/nicoleperlroth/2011/08/24/the-mo...
Figures like that ultimately don't mean much anyway other than creating a appearance of scarcity. It is well know for example that colleges try to increase the application rate to game the acceptance %. Nobody has access to all the companies applying to YC in the 97%, (do they?).
Edit: To judge the quality (if possible) of the applicant pool.
Edit2: I don't mean to imply that YC tries to game applications. Only that numbers get thrown around without any vetting.